AVNM vs. PBDC ETF Comparison

Comparison of Avantis All International Markets Equity ETF (AVNM) to Putnam BDC Income ETF (PBDC)

AVNM

Avantis All International Markets Equity ETF

AVNM Description

The fund is a "fund of funds," meaning that it seeks to achieve its objective by investing in other Avantis exchange-traded funds (ETFs) (collectively, the underlying funds). The underlying funds represent a broadly diversified basket of equity securities that seek to select or overweight securities that are expected to have higher returns or better risk characteristics than a passive, market-cap weighted index.

Grade (RS Rating)

Last Trade

$57.78

Average Daily Volume

2,061

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

PBDC

Putnam BDC Income ETF

PBDC Description

Putnam BDC Income ETF is an exchange traded fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across business development companies sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Putnam BDC Income ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$34.83

Average Daily Volume

32,523

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	AVNM	PBDC
30 Days	4.58%	1.99%
60 Days	2.97%	6.00%
90 Days	5.32%	10.00%
12 Months		30.14%

0 Overlapping Holdings

	Symbol	Grade	Weight in AVNM	Weight in PBDC	Overlap

AVNM Overweight 5 Positions Relative to PBDC

	Symbol	Grade	Weight
	AVDE	A	40.77%
	AVIV	A	20.47%
	AVEM	A	18.16%
	AVES	A	12.2%
	AVDV	A	8.34%

AVNM Underweight 10 Positions Relative to PBDC

	Symbol	Grade	Weight
	OBDC	A	-12.78%
	ARCC	A	-11.78%
	BXSL	C	-10.73%
	MAIN	C	-10.01%
	HTGC	A	-6.92%
	FSK	A	-6.68%
	TSLX	A	-5.76%
	GBDC	C	-5.48%
	MFIC	A	-4.48%
	BCSF	A	-3.92%

AVNM: Top Represented Industries & Keywords

Industries:

Keywords: Stock Fund Currency Exchange Traded Fund Financial Instrument Swaps Wagering Exchange Traded Funds Financial Market Frontier Markets Mutual Fund Private Sector SPDR Synthetic Replication Venture Capital

PBDC: Top Represented Industries & Keywords

Industries: Asset Management Internet Software & Services Specialty Finance

Keywords: Private Equity Venture Capital Business Development Business Development Company Mezzanine Capital Credit Loan Refinancing U.S. Securities And Exchange Commission Debt Debt Financing Golub Capital Leveraged Buyout Pharmaceutical Second Lien Loan Subordinated Debt Venture Debt Advanced Materials Aerospace Bankruptcy